Foreign funds lift QSE sentiments as index surpasses 10,600 level; M-cap adds QR1.89bn
The telecom, banking and insurance counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.27% to 10,614.09 points, recovering from an intraday low of 10,576 points.
The telecom, banking and insurance counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.27% to 10,614.09 points, recovering from an intraday low of 10,576 points.
The domestic institutions were seen increasingly into net buying in the main market, whose year-to-date losses truncated further to 2%.
The Gulf individuals continued to be net buyers but with lesser intensity in the main bourse, whose capitalisation added QR1.89bn or 0.31% to QR620.08bn on the back of small and microcap segments.
The local retail investors were seen increasingly net profit takers in the main market, which saw 460 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR1,033 trade across two deals.
The Islamic index was seen gaining slower than the other indices in the main bourse, whose trade turnover and volumes were on the increase.
The Arab individual investors turned bearish in the main market, which saw no trading of treasury bills.
The Gulf institutions were seen increasingly net sellers in the main bourse, which saw no trading of sovereign bonds.
The Total Return Index gained 0.27%, the All Islamic Index by 0.21% and the All Share Index by 0.3% in the main market.
The telecom sector index rose 0.7%, banks and financial services (0.59%), insurance (0.44%) and industrials (0.26%; while real estate declined 1.16%, transport (0.65%) and consumer goods and services (0.22%).
Major gainers in the main bourse included Al Meera, Mannai Corporation, Medicare Group, Qatar Islamic Bank, QLM, Industries Qatar, Vodafone Qatar and Ooredoo.
In the venture market, Al Mahhar Holding saw its shares appreciate in value.
Nevertheless, about 54% of the traded constituents were in the red with major losers being Qatar General Insurance and Reinsurance, Alijarah Holding, Barwa, Qatari Investors Group, Baladna, Commercial Bank, Lesha Bank, Aamal Company, Mesaieed Petrochemical Holding, Mazaya Qatar and Nakilat.
The foreign institutions’ net buying increased substantially to QR46.26mn compared to QR8.94mn on September 29.
The domestic institutions’ net buying strengthened perceptibly to QR5.48mn against QR2.17mn the previous day.
The foreign individual investors’ net selling declined marginally to QR1.54mn compared to QR1.93mn on Sunday.
However, the Qatari retail investors’ net profit booking grew significantly to QR31.43mn against QR7.13mn on September 29.
The Arab individuals turned net sellers to the extent of QR10.1mn compared with net buyers of QR2.84mn the previous day.
The Gulf institutions’ net profit booking expanded markedly to QR9.05mn against QR6.39mn on Sunday.
The Gulf retail investors’ net buying shrank noticeably to QR0.39mn compared to QR1.5mn on September 29.
The Arab institutions had no major net exposure for the third straight session.
Trade volumes in the main market soared 33% to 225.8mn shares, value by 78% to QR597.06mn and transactions by 62% to 19,329.
In the venture market, trade volumes grew more than seven-fold to 0.22mn equities and value by more than five-fold to QR0.5mn but on 13% contraction in deals to 14.
